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speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1. trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is noacceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than nego
speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1. trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up...
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11/12
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>> you know, he did that kind of negotiates with boehner th last time over the debt limit. i think what you're seeing now with a president who got re-elected with 332 electoral votes and probably winning the pular vote by 3.5%, figuring that he has significant leverage, and, frankly, the leverage tom cole acknowledged here which is right now if you are a minority where you had lerage by blocking things, you're going to end up with a big tax in connection -- new york on everybody. i think we'll see an end game, the president doing something he did do the last time, going out to the public more, but in the end, it's going to be obama and boehner, after we get done with the staff and the surrogates like tim geithner. gerri: a lot call obama moves more campaigning. one of the questions that's not answered, andbowles brought it up today. he says democrats he to move on entitlements. should entitlements be a part of the conversation? >> oh, i think they absolutely have to be a part of the conversation. you know, if you look at what's happenedo spending over the last five or six y
>> you know, he did that kind of negotiates with boehner th last time over the debt limit. i think what you're seeing now with a president who got re-elected with 332 electoral votes and probably winning the pular vote by 3.5%, figuring that he has significant leverage, and, frankly, the leverage tom cole acknowledged here which is right now if you are a minority where you had lerage by blocking things, you're going to end up with a big tax in connection -- new york on everybody. i think...
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gop caucus, all the congressmen and senators in the house and senate, they won't really believe that boehner has got them a deal until around december 20th. in other words, this is all just posturing to really appease the bases. david: but it all comes down to what the president wants here, consistent -- doesn't it? he's the guy who said four years ago, look, i won the election, when he was talking to paul ryan. because i won i get what i want. he had some twitters today, he was tweeting with people all over the country, and some very revealing answers, i think, even though tweets are pretty small. this is one from somebody named hunter. the president answered, there's not enough revenue unless you end charitable deductions, etc. less revenue equals more cuts in education, etc. but what he's not mentioning, this is him from program in from the white house. >> yeah. david: he wants to both raise the rates and end deductions in order to get to that big amount, 1.6 trillion over ten years. >> and that's the problem. my greatest fear is we're going to have near term tax increases, and the cuts a
gop caucus, all the congressmen and senators in the house and senate, they won't really believe that boehner has got them a deal until around december 20th. in other words, this is all just posturing to really appease the bases. david: but it all comes down to what the president wants here, consistent -- doesn't it? he's the guy who said four years ago, look, i won the election, when he was talking to paul ryan. because i won i get what i want. he had some twitters today, he was tweeting with...
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president does twitter q&a and response from boehner. the whole thing is nonsensical. >> we're looking not to be played and one of the ways we're doing that to point out, for example, the republicans have been incentivized to simply stand up and say until you come to the table and literally come to the table with john boehner and the president leading that discussion, at a given table on a given set of parameters to go forward, not much is going to happen. secondly they have incentivized the republicans to say, you know that sequestration deal? $1.22trillion in budget cuts and $600 billion in tax increases, you know what? if that is the best deal on the table, mr. president, the heck with you. we'll go with you. we'll accept your deal because that deal was created between both parties, the president and congress. and nobody can deny that. lori: perspective for you. thanks, lou. >> you got it. lori: you can catch lou every day with melissa and me at this time of course 7:00 and 10:00 eastern. tonight, michael roo mere recent for investors
president does twitter q&a and response from boehner. the whole thing is nonsensical. >> we're looking not to be played and one of the ways we're doing that to point out, for example, the republicans have been incentivized to simply stand up and say until you come to the table and literally come to the table with john boehner and the president leading that discussion, at a given table on a given set of parameters to go forward, not much is going to happen. secondly they have...
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speaker boehner and others. stuart: i wonder, as an insider, among democrats, and that is what you are, simon, i want you to tell me, what plans does the president or any other democrats, have to reform social entitlement? >> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have had in quite a time. whether president has proposed is part of the current negotiations is another $300 billion cut in medicare. stuart
speaker boehner and others. stuart: i wonder, as an insider, among democrats, and that is what you are, simon, i want you to tell me, what plans does the president or any other democrats, have to reform social entitlement? >> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart:...
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it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner saying republicans need to deal with it, and others it's a stalemate. do you think that's for show though? it seems like the deals in washington, at this time of the year happen at the 11th hour, last three years especially for taxes. >> could have been for taxes, but,,and the but is very important, if there's a frame work december 31st at midnight, it will be just that. the markets will, i think, react predictly, and that's not positive. if there's a recession because there's not a tax plan, we'll be hurt. >> that's the wild card; right? how the markets reagent to it because we don't know. >> we don't. >> impo
it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner...
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john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to that casino in macau. i mean totally different from anything you
john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn...
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Nov 29, 2012
11/12
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john boehner hinted at a compromise yesterday during our program, 24 hours ago stocks have gone up since then but now we are up 38. we are seeing a big jump in the price of oil today, above one dollar and $0.72 reaching $80 a barrel. gold is up $17.26 per ounce. stein mart is the latest company to declare a special one time dividend, $1 per share to be paid on christmas eve. that is helping stock. this is part of a larger tax revolt. companies want to give money to their shareholders before the higher tax rate sticks in. they're sticking it to the treasury. they want to help shareholders, not the treasury. the judge on that in a moment. stuart: the worst kept secret in media is the official, jeff zucker of nbc universal has been named president of cnn world wide. lindsay lohan was arrested this morning in new york city after allegedly hitting another woman in a light club. use charged with third degree assault, misdemeanor. this is the latest in a long string of run ins with the law. the judge is here. he may or may not wish to comment on lindsay lohan. i will give him the opportunity. h
john boehner hinted at a compromise yesterday during our program, 24 hours ago stocks have gone up since then but now we are up 38. we are seeing a big jump in the price of oil today, above one dollar and $0.72 reaching $80 a barrel. gold is up $17.26 per ounce. stein mart is the latest company to declare a special one time dividend, $1 per share to be paid on christmas eve. that is helping stock. this is part of a larger tax revolt. companies want to give money to their shareholders before the...